Hello,
This is regarding the full and final settlement of the employee. The performance bonus was one of the components of my CTC. I've left the organization before the completion of a year. Generally, performance bonuses are paid on a pro-rata basis, but my employer is refusing to do so.
Can anyone guide me on this? Is there any law for it?
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This is regarding the full and final settlement of the employee. The performance bonus was one of the components of my CTC. I've left the organization before the completion of a year. Generally, performance bonuses are paid on a pro-rata basis, but my employer is refusing to do so.
Can anyone guide me on this? Is there any law for it?
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Hi Abhijit, What is the payment clause of the performance bonus mentioned in your appointment letter?
From India, Bangalore
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482From India, Bangalore
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First you letter of appointment is to be considered. Thereafter, accordingly you can demand your dues.
From India, Kolkata
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From India, Kolkata
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Performance bonus is always at the discretion of management. It does not matter whether it was in your CTC. CTC is meant mostly to make a fool of you and to show more than what you are guaranteed and mostly less than what you get in hand.
If you have left the company, the management is under no obligation to give you the bonus. Why should they? Bonus is meant to incentivize you. You left, why should they incentivize you?
From India, Mumbai
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If you have left the company, the management is under no obligation to give you the bonus. Why should they? Bonus is meant to incentivize you. You left, why should they incentivize you?
From India, Mumbai
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Full n final settlement.doc